Prepare the journal entries related with the cost cycle

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FINISHED GOODS                        jan Rs.12,000                    DEC Rs.6,000

WORK IN PROCESS                           8,000                              3,000

RAW MATERIALS                               10,000                          7,000

COGS OF GOODS SOLD                   Rs. 450,000

DIRECT LABOR                                      100,000

F.O.H IS 120% OF DIRECT LABOR COST.

REQUIRED:

Question 1. Prepare the journal entries related with the cost cycle.

Reference no: EM132598033

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